Milan Parikh
Vadodara
Summary
Seasoned finance and accounting professional with 13 years of experience managing global financial operations, reporting, and compliance across U.S., U.K., and India entities. Strong background in IND AS, GAAP, GST and VAT with a proven track record in complex reconciliations, financial analysis, and process optimization. Skilled in driving efficiency, ensuring regulatory compliance, and enhancing financial accuracy. Proven leadership in mentoring teams and collaborating cross-functionally to improve financial visibility. Proficient in Yardi, SAP HANA, Tally, PeopleSoft, NetSuite, BlackLine, Sigma and advanced Excel.
Overview
13
13
years of professional experience
Work History
SR. ACCOUNTANT
Magnit
08.2022 - Current
- Managed Prepaid & Accruals and performed bank reconciliations to ensure accurate and timely financial reporting.
- Conducted comprehensive Gross Profit Analysis to identify trends, cost drivers, and opportunities for margin improvement.
- Prepared and reviewed Ireland VAT return data.
- Performed detailed Balance Sheet analysis using Excel and BlackLine, identifying discrepancies and improving financial accuracy.
- Created and posted ad hoc journal entries to support month-end and year-end close processes, ensuring timely and accurate financial statements.
- Played a key role in the successful BlackLine implementation, improving reconciliation efficiency and automating key processes.
- Contributed to Project Lorenz testing, identifying process gaps and ensuring seamless system integration and data accuracy.
- Managed lease accounting under ASC 842, preparing journal entries and updating Balance Sheet and P&L analysis to reflect accurate lease positions.
- Prepared detailed lease roll forward reports on a monthly basis, providing senior management with actionable insights.
- Conducted thorough Opex reviews and updated one-off amounts in review files, providing insightful commentary and recommending cost-saving measures.
- Provided expert guidance to team members on financial commentary and operational tasks, fostering a culture of accuracy and accountability.
- Advised the Accounts Payable (AP) team on GL coding, reducing reclassifications and improving the efficiency of month-end close activities.
- Reviewed Fixed Asset Inventory GL – Analyzed GL transactions and transferred them to Fixed Assets upon meeting criteria; reclassified incorrect entries to the appropriate GL to ensure accurate asset reporting.
- Conducted weekly GL reviews for assigned entities, proactively identifying and reclassifying misposted transactions to accelerate and streamline month-end close processes, reducing closing time and improving accuracy.
SR. ACCOUNT EXECUTIVE
Brooks Steriscience Ltd
07.2018 - 08.2022
- Prepared GST Return 1 & 3B data on a monthly basis and GSTR 9 & 9C on yearly basis ensuring accuracy and timely submission.
- Managed and analyzed various GST-related reports, including GSTR-1, GSTR-3B, and ITC-04, to ensure compliance and data integrity.
- Handled GST Audits, Internal Audits, Stock Audits and Statutory Audits, identifying discrepancies and implementing corrective actions to improve accuracy and ensure compliance with regulatory requirements.
- Managed TDS and TCS calculations and filings, ensuring compliance with tax regulations.
- Acted as a key liaison with Government Authorities to resolve tax-related issues and ensure smooth communication.
- Filed Refund/Rebate Applications under Rule 89 and Rule 96 of the GST Rules, 2017, securing timely GST refund for the company.
- Maintained export register and documentation to ensure timely refund of GST on export transactions, improving cash flow and compliance.
- Reconciled Vendor Ledgers, Bank Accounts, and GSTR-2A with the company’s books of accounts to maintain data accuracy and consistency.
- Led the team handling purchase, payable, receivable, and petty cash transactions in ERP, ensuring timely processing and accuracy while mentoring and guiding team members.
- Assisted in preparing various financial and operational reports as needed to support strategic decision-making.
- Conducted detailed payable and receivable verification, ensuring timely and accurate processing of transactions while mentoring team members to enhance efficiency.
- Oversaw asset tagging to track and safeguard company assets, improving asset management and audit readiness.
SR. ACCOUNT EXECUTIVE
Sudeep Pharma Pvt Ltd
06.2017 - 07.2018
- Prepared GST Return 1 & 3B data on a monthly basis, ensuring accuracy and timely filing to meet compliance deadlines.
- Managed and analyzed various GST-related reports including GSTR-1 and GSTR-2, ensuring alignment with statutory requirements and improving tax reporting accuracy.
- Verified vouchers related to GST data to ensure accuracy and compliance with internal policies and regulatory standards.
- Extracted and analyzed financial data from Tally, providing insights to support strategic decision-making and financial planning.
- Conducted monthly sales analysis to identify trends, improve forecasting accuracy, and support business growth initiatives.
- Updated and maintained the 'C' forms statement, prepared pending 'C' form data, and ensured timely submission to avoid penalties and ensure compliance.
- Assisted in preparing various financial and operational reports to support senior management in evaluating business performance.
- Supported the team in preparing and validating data for Registrar of Companies (ROC) filings, ensuring timely and accurate submissions.
- Maintained the Export Register to track export transactions, ensuring proper documentation for GST refunds and compliance with export regulations.
- Conducted detailed payable and receivable verification, ensuring timely resolution of discrepancies and accurate financial reporting.
ACCOUNT EXECUTIVE
Stemmons Business Services Pvt Ltd
11.2012 - 06.2017
- Processed and recorded Accounts Payable and Utility Invoices in Yardi, ensuring accurate and timely entry to maintain up-to-date financial records.
- Managed Prepaid and Accrual entries, ensuring accurate expense recognition and proper accounting treatment.
- Reconciled General Ledger (G/L) Accounts to ensure data accuracy and resolve discrepancies promptly.
- Performed weekly and monthly bank reconciliations, ensuring accurate cash flow reporting and identifying variances for resolution.
- Prepared and reviewed Employee Expense Reports to ensure proper documentation and compliance with company policies.
- Compiled and reviewed Tenant Collection Sheets, ensuring accuracy in rental income reporting and resolving discrepancies with tenants.
- Conducted Lease Audit Reviews to validate lease terms, identify discrepancies, and ensure proper billing and revenue recognition.
- Prepared Tenant Move-Out Documents, ensuring proper closure of accounts, refund processing, and final reconciliation.
- Managed Month-End, Quarterly, and Year-End Closings, ensuring accurate financial reporting and timely submission of financial statements.
- Prepared detailed Quarterly Financial Reports for senior management, providing insights into financial performance and operational efficiency.
- Calculated interest and prepared Lender Draw Reports to support cash flow management and secure financing.
- Assisted in preparing and managing Budgets, ensuring alignment with business goals and financial targets.
- Trained and mentored new Account Executives, improving team performance and ensuring consistent understanding of financial processes.
ACCOUNT ASSISTANT
Mitesh Food Products Pvt Ltd
03.2012 - 11.2012
- Managed daily bookkeeping functions, including Accounts Receivable, Accounts Payable, Bank Reconciliations, and disbursements, ensuring accuracy and timely processing of transactions.
- Tracked and managed payments and outstanding invoices using Tally, proactively following up with clients to ensure timely collections and reduce overdue balances.
- Collected and recorded all banking transactions from statements, maintained accurate records in Excel, and reconciled balances to ensure data integrity.
- Communicated with vendors and clients to resolve discrepancies, facilitate timely payments, and strengthen business relationships.
- Verified invoices against received goods and services, identifying variances and coordinating with vendors and employees to resolve discrepancies promptly.
Education
M.Com -
Gujarat University
Ahmedabad, GujaratB. Com - undefined
Gujarat University
Ahmedabad, GujaratSkills
- General Ledger Accounting
- Reconciliation
- Financial reporting
- Financial Analysis
- Budgeting
- Forecasting
- Accounts Payable
- Accounts Receivable
- Month-End Close
- Year-End Close
- Tax Compliance
- GST
- VAT
- TDS
- Fixed Asset Management
- Process Improvements
- Stakeholder Collaboration
- Stakeholder Communication
Languages
English
Gujarati
Hindi
Software
SAP Hana
PeopleSoft
Yardi
Tally
Oracle Netsuite
BlackLine
Timeline
SR. ACCOUNTANT
Magnit
08.2022 - Current
SR. ACCOUNT EXECUTIVE
Brooks Steriscience Ltd
07.2018 - 08.2022
SR. ACCOUNT EXECUTIVE
Sudeep Pharma Pvt Ltd
06.2017 - 07.2018
ACCOUNT EXECUTIVE
Stemmons Business Services Pvt Ltd
11.2012 - 06.2017
ACCOUNT ASSISTANT
Mitesh Food Products Pvt Ltd
03.2012 - 11.2012
B. Com - undefined
Gujarat University
M.Com -
Gujarat University
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